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CONTRACT CONTENTS

ARTICLE I

  • EXPENSES
  • ROYALTY SHARE
  • COPYRIGHT
  • NAMES OF COPYRIGHT REGISTRANTS
  • RECORD LABELS
  • CLEARANCE CARDS
  • ISSUE OF LICENSES AND RIGHTS
  • STATEMENTS AND PAYMENTS TO COMPOSERS
  • STATEMENTS AND PAYMENTS TO THE ASSIGNEE
  • TERM
  • LICENSING AND SUB-PUBLICATION

ARTICLE II

  • GENERAL PROVISIONS

CONTRACT SAMPLE

This ‘ROYALTY SHARING AGREEMENT’ (“Agreement”) is made by and entered into between

[PUBLISHER NAME] (the “Publisher”) and [ASSIGNEE NAME] (the “Assignee”), and is executed as a binding agreement as of the Effective Date (Publisher and Assignee are sometimes herein referred to collectively as the “Parties” or individually as a “Party”).

BACKGROUND AND PURPOSE

WHEREAS, The Publisher and the Assignee desire and mutually agree to share the royalty pertaining to the following musical composition(s) now entitled:

The song titled “[SONG TITLE]”, written by [AUTHOR OF SONG];

The song titled “[SONG TITLE]”, written by [AUTHOR OF SONG];

The song titled “[SONG TITLE]”, written by [AUTHOR OF SONG];

(Continue as needed)

NOW THEREFORE, in consideration of the mutual promises and other good and valuable consideration considered hereinafter, the receipt and sufficiency of which are acknowledged by the Parties, the Publisher and the Assignee agree as follows:

 

ARTICLE I

  1. EXPENSES

The Publisher shall deduct from gross publishing receipts (monies received) for the following expenses to the extent that said expenses were actually paid or incurred by the Publisher including, but not limited to, songwriter’s royalties and advances, registration fees, demonstration tapes, lead sheets, arrangements, and all other miscellaneous, fees and expenses incurred in behalf of said composition(s).

  1. ROYALTY SHARE

The Publisher shall pay to Assignee FIFTY PERCENT (50%) of:

(a) Net publishing receipts less the deductions.

(b) Extraordinary expenses (for example, advertising publicity, promotional expenses) shall not be incurred, or if incurred, not compensated or reimbursed for without the written consent of the other approving the expenditure and agreeing to share therein.

(c) In the event of extraordinary expenses were agreed upon, but the expenses not equally borne, Publisher shall make the required adjustments at the time of paying Assignee.

  1. COPYRIGHT

The copyright shall be registered in the name of the Publisher.

  1. NAMES OF COPYRIGHT REGISTRANTS

Sheet music and all printed material concerning the composition shall bear the name(s) of the copyright registrant(s).

  1. RECORD LABELS

Record labels shall bear the names of both parties.

  1. CLEARANCE CARDS

B.M.I. or ASCAP song clearance and record clearance cards shall bear the names of both parties. The performance rights society shall pay one-half to each party.

  1. ISSUE OF LICENSES AND RIGHTS

Only the Publisher shall issue licenses and sub-publication rights. The Publisher shall be free to make licensing and sub-publication agreements without consulting the Assignee and upon whatever terms it wishes.

  1. STATEMENTS AND PAYMENTS TO COMPOSERS

The Publisher shall make royalty statements and payments to the composers.

  1. STATEMENTS AND PAYMENTS TO THE ASSIGNEE

The Publisher shall render statements and make payments to the Assignee semi-annually within SIXTY (60) days after the last day of each January-June and July-December semi-annual period.

  1. TERM

The duration of this Agreement shall be for [YEARS] ([#]) years from the effective date. It may be renewed on mutual consent of both the parties.

  1. LICENSING AND SUB-PUBLICATION

Publisher shall be free to make licensing and sub-publication agreements without consulting Assignee and upon whatever terms it deems wise or wishes.

Continued…

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